London 16 July, 2012: Tullett Prebon, one of the world's largest inter-dealer brokers, is pleased to announce that Kishore Kansal the founding partner and CEO of PEFOX is joining its Alternative Investments team in London as Head of Tullett Prebon Private Equity Risk Solutions. Kishore Kansal will be based in London and will lead Tullett Prebon Private Equity Risk Solutions (TPPERS).
As founding partner and CEO of PEFOX which he launched in 2009 at the height of the financial crisis, PEFOX was a pioneer in risk management brokerage, enabling limited partners to hedge exposure to private equity funds. More recently, over the past several months, the firm has developed a hedging tool which allows European financial institutions to optimise their position under Solvency II.
In joining Tullett Prebon, Kishore brings with him substantial expertise and relationships allowing Tullett Prebon to diversify its product range through the launch of TPPERS to meet the demands of a range of institutional investors.
Commenting on the appointment, Neil Campbell, Head of AlternativeInvestments at Tullett Prebon said:As founding partner and CEO of PEFOX which he launched in 2009 at the height of the financial crisis, PEFOX was a pioneer in risk management brokerage, enabling limited partners to hedge exposure to private equity funds. More recently, over the past several months, the firm has developed a hedging tool which allows European financial institutions to optimise their position under Solvency II.
In joining Tullett Prebon, Kishore brings with him substantial expertise and relationships allowing Tullett Prebon to diversify its product range through the launch of TPPERS to meet the demands of a range of institutional investors.
"We're delighted that Tullett Prebon is bolstering its position and capabilities in risk management, at a time of both greater regulation and continuing economic uncertainty. With institutions coming under increasing pressure to manage risk and associated capital levels, Tullett Prebon's ability to now offer clients the approach to the private equity asset class developed by PEFOX will allow us to broker products that are both valuable and unique in the marketplace."
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For further information please contact:-Ends-
| Media Nick Woods | M:Communications | +44 (0)20 7920 2348 |
| Tullett Prebon Kishore Kansal | TPPERS | +44 (0)20 7200 7537 |
Tullett Prebon Alternative Investments (www.tpalternatives.com) provides its institutional investor base with the opportunity to access primary and secondary markets in all types of alternative investments such as hedge funds, private equity and real estate funds.
Tullett Prebon (www.tullettprebon.com) is one of the world's largest inter-dealer brokers and operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients, in particular commercial and investment banks. The business now covers seven major product groups: Rates, Volatility, Treasury, Non Banking, Energy & Commodities, Credit and Equities. Tullett Prebon Electronic Broking offers electronic solutions to these products.
In addition to its brokerage services, Tullett Prebon offers a variety of market information services through its IDB Market Data division, Tullett Prebon Information.
Tullett Prebon has its principal offices in London, New Jersey, Hong Kong, Singapore and Tokyo, with other offices, joint ventures and affiliates in Bangkok, Frankfurt, Houston (Texas), Jakarta, Luxembourg, Manama (Bahrain), Manila, Mumbai, New York, Paris, São Paulo, Seoul, Shanghai, Sydney, Toronto, Warsaw and Zurich.
Tullett Prebon (www.tullettprebon.com) is one of the world's largest inter-dealer brokers and operates as an intermediary in wholesale financial markets facilitating the trading activities of its clients, in particular commercial and investment banks. The business now covers seven major product groups: Rates, Volatility, Treasury, Non Banking, Energy & Commodities, Credit and Equities. Tullett Prebon Electronic Broking offers electronic solutions to these products.
In addition to its brokerage services, Tullett Prebon offers a variety of market information services through its IDB Market Data division, Tullett Prebon Information.
Tullett Prebon has its principal offices in London, New Jersey, Hong Kong, Singapore and Tokyo, with other offices, joint ventures and affiliates in Bangkok, Frankfurt, Houston (Texas), Jakarta, Luxembourg, Manama (Bahrain), Manila, Mumbai, New York, Paris, São Paulo, Seoul, Shanghai, Sydney, Toronto, Warsaw and Zurich.
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